It is a relatively busy day ahead for the GBP/USD. Early in the session, prelim January private sector PMI numbers will be in the spotlight. The latest round of UK economic indicators has signaled the need for more action from the Bank of England. Today’s stats could cement another 50-basis point interest rate hike in February. While the headline numbers will influence, the sub-components will also need consideration. Inflation, employment, and new orders will need to draw plenty of interest. In December, UK manufacturers reported falling demand from the EU due to Brexit-related issues. A similar trend in January ... (full story)